Pepe Price Surges 77% In A Week As This New AI Meme Coin Presale Blasts Past $3 Million

Pepe Price Surge Continues

Over the past seven days, the Pepe price has experienced a remarkable 77% increase, reaching $0.00001683 as of 02:53 a.m. EST.

24-Hour Performance

In the past 24 hours, Pepe's value has climbed by 13%, accompanied by a significant 47% surge in trading volume. This positive momentum coincides with growing hype surrounding the frog-themed token, which has achieved three consecutive peaks, each surpassing the previous one.

Potential Market Dominance

Amidst the excitement, some analysts speculate that Pepe is poised to overtake Shiba Inu (SHIB) as the second-largest meme coin based on market capitalization.

Target: Polygon (MATIC)

For the immediate future, Pepe's target is Polygon (MATIC). If Pepe dethrones MATIC as the 18th largest cryptocurrency by market cap, it would become the second token on the Ethereum blockchain and the second meme coin on ETH after Shiba Inu.

Ethereum ETF Approval Impact

The surge in Pepe's price is largely attributed to the landmark approval of Ethereum spot ETFs (exchange-traded funds) on May 23. This approval signifies increased mainstream acceptance and legitimacy of Ethereum as a blockchain platform, which could drive adoption of Ethereum-based projects and boost altcoin values.

Technical Analysis

Pepe's price exhibits a bullish bias, consolidating within an ascending parallel channel. Momentum is rising, as indicated by the higher lows recorded by the Relative Strength Index (RSI). A breakout above the channel's upper boundary could lead to further price appreciation.

Fibonacci Targets

Based on Fibonacci analysis, Pepe's price could reach targets of $0.00002018 or even $0.00002210 in a highly bullish scenario. However, a correction could occur, potentially retracing to the 78.6% Fibonacci level of $0.00001426 or the critical 61.8% level of $0.00001205.

Alternative Investment: WAI

While Pepe enjoys its momentum, investors are also exploring WAI, a canine-themed meme coin competitor with promising potential. Experts anticipate a potential 100X return on investment.

WienerAI Ecosystem

WAI powers the WienerAI ecosystem, a unique project committed to becoming the most powerful AI companion ever. The project has garnered a dedicated following and operates as an ERC-20 token on the Ethereum blockchain.

Presale Success

WienerAI's presale has been met with overwhelming success, raising over $3.097 million. The token is currently priced at $0.000711, but this price will increase in just under 48 hours.

Staking Rewards

WAI token holders can stake their holdings for lucrative rewards, with Annual Percentage Yields (APY) as high as 328%. Over 3.1 billion WAI tokens have already been staked.

Conclusion

Pepe's price surge highlights the growing popularity of meme coins. However, investors should consider diversifying their portfolios with promising alternative projects like WAI, which offers a combination of future potential and presale opportunities.